TELUS (TSE:T) Hits New 12-Month Low After Analyst Downgrade

TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during trading on Tuesday after JPMorgan Chase & Co. downgraded the stock from a neutral rating to an underweight rating. JPMorgan Chase & Co. now has a C$19.00 price target on the stock, down from their previous price target of C$22.00. TELUS traded as low as C$19.10 and last traded at C$19.23, with a volume of 5280890 shares trading hands. The stock had previously closed at C$20.06.

Other analysts also recently issued research reports about the company. National Bankshares set a C$23.00 price objective on TELUS and gave the stock a “sector perform” rating in a report on Tuesday, August 12th. Scotiabank lifted their target price on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, September 8th. Desjardins cut their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. CIBC upped their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Finally, BMO Capital Markets lowered their price objective on shares of TELUS from C$24.00 to C$23.00 in a research report on Monday, November 10th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$22.77.

TELUS Stock Down 0.9%

The business’s 50 day simple moving average is C$21.13 and its 200-day simple moving average is C$21.85. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market cap of C$29.16 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$5.07 billion during the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. Sell-side analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.